Monday, 22 September 2014
Last updated 2 hours ago
Jul 27 2011 | 9:23am ET
Avenue Capital Group has trimmed some fat from its headcount.
The New York-based distressed debt specialist has cut less than 10 jobs from its administrative and accounting staff. According to HFMWeek, the layoffs came after performance reviews and impacted those who did not meet expectations.
The $13 billion hedge fund employs more than 300 people globally.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.